Smart Logistics Global Limited (NASDAQ:SLGB – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 78,216 shares, a drop of 32.2% from the June 30th total of 115,441 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 593,353 shares, the short-interest ratio is presently 0.1 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Smart Logistics Global stock. Geode Capital Management LLC purchased a new position in shares of Smart Logistics Global Limited (NASDAQ:SLGB – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,897 shares of the company’s stock, valued at approximately $31,000. Geode Capital Management LLC owned approximately 0.06% of Smart Logistics Global as of its most recent SEC filing.
Analyst Ratings Changes
Separately, Weiss Ratings raised Smart Logistics Global from a “sell (e)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Smart Logistics Global has an average rating of “Sell”.
Smart Logistics Global Stock Performance
Shares of NASDAQ SLGB opened at $0.55 on Friday. Smart Logistics Global has a fifty-two week low of $0.41 and a fifty-two week high of $6.08. The company’s 50 day simple moving average is $0.62 and its 200 day simple moving average is $0.95.
Smart Logistics Global (NASDAQ:SLGB – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported ($0.04) EPS for the quarter. The business had revenue of $21.69 million for the quarter.
About Smart Logistics Global
Smart Logistics Global Limited is a business-to-business contract logistics solution provider. Smart Logistics Global Limited is based in Hong Kong.
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